I have a workplace 401K that offers both pre-tax and Roth components, and I contributed to both last year.
Turbotax (Desktop) is telling me that I have an excess Roth contribution due to AGI limits; the Roth contribution amount is listed as code AA on my W-2 - and it wants me to pay a penalty
However, according to IRS 415(c) (and the trustee), I'm nowhere near the income/contribution limits because it's a *workplace* 401K, not an individual Roth.
So, how do I convince Turbotax desktop that the Roth component isn't subject to those limits and stops assessing a penalty?
Thanks!
